{"id":12450,"date":"2026-11-08T14:31:21","date_gmt":"2026-11-08T14:31:21","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/08\/the-next-wave-kenyan-banks-have-forgotten-how-to-lose-money\/"},"modified":"2026-11-08T14:31:21","modified_gmt":"2026-11-08T14:31:21","slug":"the-next-wave-kenyan-banks-have-forgotten-how-to-lose-money","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/08\/the-next-wave-kenyan-banks-have-forgotten-how-to-lose-money\/","title":{"rendered":"The Next Wave: Kenyan banks have forgotten how to lose money"},"content":{"rendered":"<div>\n<style>\n    \/* Scoped resets \u2014 only touch this newsletter block, never the rest of the page *\/\n    .tc-daily-wrapper, .tc-daily-wrapper * { box-sizing: border-box; }\n    .tc-daily-wrapper table, .tc-daily-wrapper td { mso-table-lspace: 0pt; mso-table-rspace: 0pt; }\n    .tc-daily-wrapper img { -ms-interpolation-mode: bicubic; border: 0; outline: none; text-decoration: none; }<\/p>\n<p>    \/* Keep this block in light mode regardless of the reader's dark-mode setting,\n       so white background \/ dark text never get auto-inverted against each other *\/\n    @media (prefers-color-scheme: dark) {\n        .tc-daily-wrapper, #tc_intro_content, .tc_intro_text,\n        #tc_main_body, #signature_content, .signatory_content {\n            background-color: #FFFFFF !important;\n        }\n        .tc-daily-wrapper, .tc_intro_text h2, .tc_intro_text p,\n        #tc_main_body p, #tc_main_body li, #tc_main_body h2 {\n            color: #111111 !important;\n        }\n    }<\/p>\n<p>    \/* Give copy breathing room instead of running edge-to-edge, and\n       scale the (very large) 22px base font down on small screens *\/\n    @media screen and (max-width: 600px) {\n        .tc-pad { padding-left: 20px !important; padding-right: 20px !important; }\n        .tc-daily-wrapper { font-size: 17px !important; }\n        .tc_intro_text h2 { font-size: 22px !important; line-height: 28px !important; }\n        .signatory_content { padding: 24px 20px !important; }\n    }\n<\/style>\n<div class=\"tc-daily-wrapper\" style=\"color:#111111; background-color:#FFFFFF; font-family:system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Ubuntu, 'Helvetica Neue', Oxygen, Cantarell, sans-serif; font-size:22px; line-height:1.6; text-rendering:optimizeLegibility; -webkit-font-smoothing:antialiased; width:100%; max-width:600px; margin:0 auto; padding:0; box-sizing:border-box;\">\n<p>    <!-- French translation button --><\/p>\n<div style=\"padding:15px; font-family:Arial, sans-serif; margin:0; width:100%; box-sizing:border-box; text-align:center;\">\n<p style=\"margin:0; text-align:center;\">\n            <a class=\"translate\" href=\"https:\/\/preview.mailerlite.com\/h7i8t4c3h5=n&amp;sl=auto&amp;tl=fr&amp;https:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"text-align:center; -webkit-font-smoothing:antialiased; margin:0 auto; font-style:normal; font-family:inherit !important; cursor:pointer; font-size:13.5px; display:inline-block; padding:0 23px; line-height:24px; text-transform:none; font-weight:500; color:#012384; border:4px solid #012384; text-decoration:none; letter-spacing:.05em; box-sizing:border-box; border-radius:6px; max-width:100%;\" rel=\"noopener\" target=\"_blank\"><br \/>\n                Cet article est aussi disponible en fran\u00e7ais<br \/>\n            <\/a>\n        <\/p>\n<\/p><\/div>\n<p>    <!-- Logo --><\/p>\n<div id=\"tc_n_logo\" style=\"margin:0; padding:0; width:100%;\">\n        <img decoding=\"async\" style=\"display:block; width:100%; max-width:100%; height:auto; border:0; margin:0; padding:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money.jpg\" alt=\"Next Wave Logo\"><br \/>\n            <\/p>\n<div id=\"verto-top-banner\" style=\"margin:0; padding:0; width:100%; text-align:center;\">\n    <img decoding=\"async\" style=\"display:block; width:25%; height:auto; border:0; margin:0 auto; padding:0;\" loading=\"lazy\" src=\"https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2026\/11\/images__42_-removebg-preview.webp\" alt=\"verto ad\"><\/p>\n<p style=\"margin:8px 0 0; padding:0; font-size:14px; color:#666; text-align:center;\">This edition of The Next Wave is brought to you by Verto.\n    <\/p>\n<\/div>\n<p>    <!-- Header ad --><\/p>\n<div id=\"header-ad\" style=\"margin:0; padding:10px 0; width:100%; box-sizing:border-box;\">\n    <\/div>\n<p>    <!-- Intro --><\/p>\n<div id=\"tc_intro_content\" style=\"font-family:system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Ubuntu, 'Helvetica Neue', Oxygen, Cantarell, sans-serif; padding:0; width:100%; box-sizing:border-box;\">\n<div class=\"tc_intro_text tc-pad\" style=\"box-sizing:border-box; margin:0; display:block; width:100%;\">\n            <\/p>\n<p>            <!-- Date --><\/p>\n<p style=\"text-align:left; width:100%; color:#000000; font-size:12px; margin:0 0 15px; padding:0;\">\n                Published November 8, 2026\n            <\/p>\n<p>            <!-- Title --><\/p>\n<h2 style=\"margin:0 0 20px; padding:0; font-weight:900; text-align:left; display:block; font-size:24px; line-height:32px; color:#000000;\">\n             Kenyan banks have forgotten how to lose money<br \/>\n            <\/h2>\n<p>            <!-- Feature photo --><br \/>\n            <img decoding=\"async\" style=\"display:block; width:100%; max-width:100%; height:auto; border:0; margin:0; padding:0;\" loading=\"lazy\" src=\"https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2026\/11\/kenyan-banks.avif\" alt=\"Kenya banks\"><\/p>\n<p style=\"font-size:11px; margin:5px 0 15px; padding:0;\">\n                <i>Image source: The Kenya Wall Street<\/i>\n            <\/p>\n<hr style=\"border:0; border-top:1px solid #dddddd; margin:0;\">\n        <\/div>\n<\/p><\/div>\n<p>    <!-- Main body --><\/p>\n<div id=\"tc_main_body\" class=\"tc-pad\" style=\"text-align:left; width:100%; box-sizing:border-box;\">\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Lending is a business built on the risk that someone will not pay back. A borrower defaults, a harvest fails, or a currency loses value. Yet Kenya\u2019s largest commercial banks seem insulated from the economic conditions their borrowers face. Their profits keep growing even as households and businesses come under pressure.\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">I spent the last two days going through five years of audited <a href=\"https:\/\/www.kba.co.ke\/wp-content\/uploads\/2025\/08\/STATE-OF-THE-BANKING-INDUSTRY-REPORT-2025.pdf\" target=\"_blank\" rel=\"noopener\">reports<\/a> from Kenya\u2019s largest lenders, looking for a bad year. I couldn\u2019t find one. Not a single tier-1 bank recorded an annual net loss over the period. Combined pre-tax profits rose 18.6% in 2023 to KES 260.09 billion ($2 billion) in 2024, before growing another 17.6% to KES 305.95 billion ($2.36 billion) in 2025.\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">NCBA Group, for example, <a href=\"https:\/\/ncbagroup.com\/wp-content\/uploads\/2026\/06\/NCBA-Group-Plc-Annual-2025-Integrated-Report.pdf\" target=\"_blank\" rel=\"noopener\">offers a glimpse<\/a> of how profitable the period has been. Its profit after tax grew 409% from 2020 to KES 23.4 billion ($180.1 million) in 2025. Dividend payouts also rose 368% to KES 11.7 billion ($90.1 million).\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">But record profits do not necessarily mean banks have stopped lending.  There are reasons banks are cautious. A business with irregular sales, incomplete accounts and no property to offer as collateral is harder to assess than a government bond. Recovering a bad loan can also take years, with legal and administrative costs eating into whatever a bank might recover.\n<\/p>\n<p><a href=\"https:\/\/ideas.repec.org\/p\/zbw\/kbawps\/340183.html\" target=\"_blank\" rel=\"noopener\">A 2026 Kenya Bankers Association working paper<\/a>, using data from the 2018 World Bank Enterprise Survey, offers an interesting perspective. Roughly three-quarters of small businesses that might need financing never apply for bank loans. They expect rejection, cannot meet collateral requirements, or find borrowing too expensive. Of those who apply, more than 90% are approved.\n<\/p>\n<p>The problem, then, is that any potential borrowers never make it through the door.\n<\/p>\n<p>Banks also have to account for rising bad-loan costs. The industry\u2019s non-performing loan ratio reached 16.4% in December 2024, according to the <a href=\"https:\/\/www.kba.co.ke\/wp-content\/uploads\/2025\/08\/STATE-OF-THE-BANKING-INDUSTRY-REPORT-2025.pdf\" target=\"_blank\" rel=\"noopener\">Kenya Bankers Association<\/a>. As repayment becomes less predictable, lenders have reason to tighten credit assessments.<\/p>\n<p>Government securities offer another option; by late 2024, they accounted for <a href=\"https:\/\/www.kba.co.ke\/wp-content\/uploads\/2025\/08\/STATE-OF-THE-BANKING-INDUSTRY-REPORT-2025.pdf\" target=\"_blank\" rel=\"noopener\">27.8% of banking sector assets<\/a>, while the loan-to-deposit ratio had fallen to 70.1%. Lending to the state gives banks an alternative to assessing thousands of businesses with different cash flows, credit histories and repayment risks.<\/p>\n<p><\/p>\n<div class=\"divider\" style=\"position:relative; padding:20px; overflow:hidden; background-color:#153BA4; background-size:cover; background-image:url('https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2022\/06\/next-wave-bg-pattern-1.png'); box-sizing:border-box; width:100%;\">\n<div style=\"position:relative; z-index:2; width:100%;\">\n<h5 style=\"margin:0;padding-top:0;padding-bottom:12px;font-weight:700;font-size:14px;color:#FFFFFF;text-align:center;\">\n            Stop paying a penalty for running a global business<br \/>\n        <\/h5>\n<p>        <img decoding=\"async\" style=\"display:block; width:100%; max-width:100%; height:auto; border:0;\" loading=\"lazy\" src=\"https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2026\/11\/verto-business-card.webp\" alt=\"verto\"><\/p>\n<p style=\"text-align:left; width:100%; color:#FFFFFF !important; -webkit-text-fill-color:#FFFFFF !important; font-size:15px; font-weight:bolder; line-height:18px; margin:25px 0 0;\">\nWith the Verto Card, you can spend directly from 11 currency wallets and avoid FX fees when spending across 10 major currencies.<br \/>\nAccepted at 150M+ Visa merchants worldwide.<\/p>\n<p>        <a href=\"https:\/\/hubs.ly\/Q04Cw65L0\" style=\"display:block; width:100%; box-sizing:border-box; text-align:center; height:53px; font-size:15px; line-height:53px; font-weight:700; text-decoration:none; border-radius:5px; margin-top:30px; background-color:rgba(208,250,20,0.904); color:#000080 !important;\" target=\"_blank\" rel=\"noopener\"><br \/>\n            Apply today!<br \/>\n        <\/a><\/p><\/div>\n<\/div>\n<p>\n<!--Subtitle-->     <\/p>\n<div style=\"text-align: left; padding: 0;\">\n<h2 class=\"tc_heading\" style=\"margin-top: 0; border-bottom-style: solid; border-bottom-color: #012384; border-bottom-width: 1.5px; font-weight: 700;line-height: 24px;font-size: 20px;margin-bottom: 25px; padding: 0px 0px 25px; display: block; color: #000000;\">\nGiving out pocket change<\/p>\n<\/h2>\n<\/div>\n<p><!--Subtitle end--><\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">While big lenders backed away from underwriting local firms, they spotted an opening in consumer payments by partnering with mobile telecom networks.\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Safaricom runs Fuliza, its overdraft facility, alongside NCBA and KCB (Sidian Bank is joining this lucrative product). At its investor briefing in Nairobi on Thursday, Safaricom said Fuliza <a href=\"https:\/\/techcabal.com\/2026\/11\/05\/safaricom-fuliza-m-pesa-revenue-rise\/\">brought in KES 4.9 billion ($38 million)<\/a> in revenue in the six months to September 2026, up 86% year on year. The overdraft accounts for 71% of Safaricom\u2019s KES 7.0 billion ($54.3 million) <a href=\"https:\/\/www.safaricom.co.ke\/images\/Downloads\/HY27-Earnings-Booklet.pdf\" target=\"_blank\" rel=\"noopener\">credit portfolio revenue<\/a>.\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Over those six months, Fuliza disbursed KES 1.16 trillion ($8.97 billion)\u2014up 84%\u2014and collected KES 1.15 trillion ($8.94 billion), achieving a 99.6% recovery rate through automated wallet deductions. Its customer base grew 88.9% to 17.2 million borrowers.\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Yet the average advance fell 24.6% to KES 192 ($1.49), down from KES 254.60 ($1.97).\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Fuliza works differently from a conventional bank loan because it is tied to M-PESA transactions, involves automated deductions, and handles thousands of small advances through an existing payments network, giving its lending partners a way to assess and recover credit at a scale that would be difficult to replicate through traditional loan applications..\n<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">For larger sums, consumers turn to digital credit providers (DCPs). In the six months to June 2026, DCPs lent out KES 43.7 billion ($336.4 million), pushing their total outstanding loan book to <a href=\"https:\/\/www.businessdailyafrica.com\/bd\/economy\/digital-loans-hit-sh154-billion-amid-borrowing-frenzy-5661740\" target=\"_blank\" rel=\"noopener\">KES 153.8 billion ($1.18 billion)<\/a>, a 39.6% jump from December 2025.<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Kenya now has <a href=\"https:\/\/www.kenyans.co.ke\/news\/127462-cbk-approves-29-new-digital-lenders-licensed-providers-hit-281\" target=\"_blank\" rel=\"noopener\">281 licenced digital lenders<\/a> serving 8.9 million customers, with average loans at KES 17,280 ($133.02) on one-week to two-month terms. <a href=\"https:\/\/www.centralbank.go.ke\/uploads\/press_releases\/366319113_Press%20Release%20-%20Licensing%20of%2029%20Additional%20Digital%20Credit%20Providers.pdf\">According to the Central Bank of Kenya (CBK)<\/a>, 45% of users borrow to stock shops, 37% pay school fees, and 23% purchase food. These facilities charge daily rates around 0.6%, or roughly 24% each month. FinAccess <a href=\"https:\/\/www.fsdkenya.org\/blogs-publications\/2024-finaccess-household-survey-key-insights-into-kenyas-financial-landscape\/\" target=\"_blank\" rel=\"noopener\">survey reports<\/a> that 16.6% of Kenyan households face debt distress, up from 10.3% in 2021.\n<\/p>\n<p><\/p>\n<div class=\"divider\" style=\"position:relative; padding:20px; overflow:hidden; background-color:#153BA4; background-size:cover; background-image:url('https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2022\/06\/next-wave-bg-pattern-1.png'); box-sizing:border-box; width:100%;\">\n<div style=\"position:relative; z-index:2; width:100%;\">\n<h5 style=\"margin:0;padding-top:0;padding-bottom:12px;font-weight:700;font-size:14px;color:#FFFFFF;text-align:center;\">\n<\/h5>\n<p>        <img decoding=\"async\" style=\"display:block; width:100%; max-width:100%; height:auto; border:0;\" loading=\"lazy\" src=\"https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2026\/11\/MAIN_2_under_2mb.webp\" alt=\"west africa dreaming\"><\/p>\n<p style=\"text-align:left; width:100%; color:#FFFFFF !important; -webkit-text-fill-color:#FFFFFF !important; font-size:15px; font-weight:bolder; line-height:18px; margin:25px 0 0;\">\nWest Africa Dreamin\u2019 2026. Third edition. Biggest yet.<\/p>\n<p>Sat 21 Nov \u00b7 Lagos Continental Hotel, VI Beyond the Vision: Supercharging West African Businesses through Technology<\/p>\n<p>Salesforce VPs. Agentforce masterclasses. A live hackathon final.<\/p>\n<p>Tickets from $21.90. <\/p>\n<p>        <a href=\"https:\/\/bit.ly\/WADLAG2026\" style=\"display:block; width:100%; box-sizing:border-box; text-align:center; height:53px; font-size:15px; line-height:53px; font-weight:700; text-decoration:none; border-radius:5px; margin-top:30px; background-color:rgba(208,250,20,0.904); color:#000080 !important;\" target=\"_blank\" rel=\"noopener\"><br \/>\n            Get your tickets here!<br \/>\n        <\/a><\/p><\/div>\n<\/div>\n<p>        <!--Subtitle--><br \/>\n<\/p>\n<div style=\"text-align: left; padding: 0;\">\n<h2 class=\"tc_heading\" style=\"margin-top: 0; border-bottom-style: solid; border-bottom-color: #012384; border-bottom-width: 1.5px; font-weight: 700;line-height: 24px;font-size: 20px;margin-bottom: 25px; padding: 0px 0px 25px; display: block; color: #000000;\">\nThe business of managing risk<\/p>\n<\/h2>\n<\/div>\n<p><!--Subtitle end--><\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Kenyan banks have not stopped lending to businesses. In 2025, they disbursed KES 326.5 billion ($2.5 billion) to micro, small, and medium enterprises (MSMEs), with more than 73% of outstanding loans issued without collateral. Access remains uneven, though: women-led businesses made up 46% of MSME borrowers but received just 25% of outstanding credit, <a href=\"https:\/\/www.kba.co.ke\/banks-double-msme-lending-commitment-to-sh326-5-billion-amid-improved-financial-conditions\/\" target=\"_blank\" rel=\"noopener\">according to the Kenya Bankers Association<\/a>.<\/p>\n<p style=\"padding:5px 0;margin:0;color:#000000 !important;\">Banks have good reason to worry about defaults, but businesses without formal accounts, predictable cash flows or property to pledge often struggle to qualify. Lenders must find ways to assess these businesses without exposing themselves to losses they cannot absorb.\n<\/p>\n<p>       <!-- Francophone Weekly CTA --><\/p>\n<div style=\"background-color:#153BA4; padding:16px 32px; border-radius:12px; margin:0 0 10px; box-sizing:border-box; width:100%;\">\n<div style=\"margin:0; font-size:16px; line-height:25.6px; text-align:center; color:#FFFFFF !important;\">\n<p style=\"padding:5px 0; margin:0; color:#FFFFFF !important;\">\n            Read smart insights about Francophone Africa\u2019s tech ecosystem\u2014weekly.\n        <\/p>\n<div style=\"text-align:center; margin-top:20px;\">\n            <a href=\"https:\/\/francophone-weekly-by-techcabal.beehiiv.com\/\" style=\"display:inline-block; color:#153BA4 !important; text-decoration:none; padding:12px 24px; border-radius:8px; background:#FFFFFF; border:2px solid #FFFFFF; font-weight:700; font-size:15px; outline:none; box-shadow:none; -webkit-appearance:none; -moz-appearance:none;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                Subscribe<br \/>\n            <\/a>\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p>        <!-- Author signature --><\/p>\n<p style=\"font-size:14px; font-weight:700; line-height:18px; margin:25px 0 0; padding:0;\">\n          Kenn Abuya\n        <\/p>\n<p style=\"font-size:14px; font-weight:400; line-height:24px; font-style:italic; margin:0;\">\n            Senior Reporter, TechCabal<\/p>\n<p>\n            Thank you for reading this far. Feel free to email kenn[at]bigcabal.com, with your thoughts about this edition of NextWave. Or just click reply to share your thoughts and feedback.\n        <\/p>\n<hr>\n<p>        <!-- Signature \/ feedback section --><\/p>\n<div id=\"signature_content\" style=\"padding:20px 0; width:100%; box-sizing:border-box;\">\n<div class=\"signatory\" style=\"width:100%;\">\n<h2 class=\"tc_heading\" style=\"position:relative; margin:0; text-align:center; min-height:50px; box-sizing:border-box; font-weight:700; font-size:16px; line-height:25px; padding:12px 20px; background-color:#153BA4; display:block; width:100%; color:#FFFFFF !important; -webkit-text-fill-color:#FFFFFF !important;\">\n            We\u2019d love to hear from you<br \/>\n        <\/h2>\n<div class=\"signatory_content\" style=\"border-color:#153BA4; border-style:solid; border-width:0.5px; margin:0; padding:30px 43px; box-sizing:border-box; width:100%;\">\n<div style=\"font-weight:400; font-size:14px; line-height:23.1px; color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n<p style=\"color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n                    Psst! Down here!\n                <\/p>\n<p style=\"color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n                    <i><br \/>\n                        Thanks for reading today\u2019s Next Wave. Please share. Or subscribe if someone shared it to you<br \/>\n                        <a href=\"https:\/\/techcabal.com\/category\/newsletters\/next-wave\/\" style=\"color:#14a673 !important; -webkit-text-fill-color:#14a673 !important; font-weight:700;\"><br \/>\n                            here<br \/>\n                        <\/a><br \/>\n                        for free to get fresh perspectives on the progress of digital innovation in Africa every Sunday.<br \/>\n                    <\/i>\n                <\/p>\n<p style=\"color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n                    As always feel free to email a reply or response to this essay. I enjoy reading those emails a lot.\n                <\/p>\n<p style=\"color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n                    <a href=\"https:\/\/techcabal.com\/tc-daily\" style=\"color:#14a673 !important; -webkit-text-fill-color:#14a673 !important; font-weight:700;\"><br \/>\n                        TC Daily newsletter is out daily (Mon \u2013 Fri) brief<br \/>\n                    <\/a><br \/>\n                    of all the technology and business stories you need to know. Get it in your inbox each weekday at 7 AM (WAT).\n                <\/p>\n<p style=\"color:#111111 !important; -webkit-text-fill-color:#111111 !important;\">\n                    Follow TechCabal on Twitter, Instagram, Facebook, and LinkedIn to stay engaged in our real-time conversations on tech and innovation in Africa.\n                <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>        <!-- Social share --><\/p>\n<div class=\"share-social\" style=\"position:relative; padding:10px 20px 20px; overflow:hidden; background-image:url('https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2022\/06\/next-wave-bg-pattern-1.png'); background-size:cover; width:100%; box-sizing:border-box;\">\n<div style=\"position:relative; z-index:2; width:100%;\">\n<p style=\"text-align:center; width:100%; color:#FFFFFF !important; -webkit-text-fill-color:#FFFFFF !important; font-size:13px; margin:0 0 25px;\">\n                    If you liked this edition of Next Wave, please share with your friends. And feel free to reply with thoughts and feedback. We welcome those.\n                <\/p>\n<div style=\"text-align:center; margin-top:23px;\">\n<p>                    <a href=\"https:\/\/twitter.com\/intent\/tweet?&amp;urlhttps:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"display:inline-block;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                        <img decoding=\"async\" style=\"width:22px; height:auto; margin-right:24px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-1.jpg\" alt=\"Twitter\"><br \/>\n                    <\/a><\/p>\n<p>                            <a href=\"https:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"display:inline-block;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                                <img decoding=\"async\" style=\"width:24px; height:auto; margin-right:24px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-2.jpg\" alt=\"WhatsApp\"><br \/>\n                            <\/a><\/p>\n<p>                            <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"display:inline-block;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                                <img decoding=\"async\" style=\"width:12.85px; height:auto; margin-right:24px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-3.jpg\" alt=\"Facebook\"><br \/>\n                            <\/a><\/p>\n<p>                            <a href=\"https:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"display:inline-block;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                                <img decoding=\"async\" style=\"width:24px; height:auto; margin-right:16px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-4.jpg\" alt=\"Instagram\"><br \/>\n                            <\/a><\/p>\n<p>                            <a href=\"https:\/\/preview.mailerlite.com\/n1x9p9v6j8\" style=\"display:inline-block;\" target=\"_blank\" rel=\"noopener\"><br \/>\n                                <img decoding=\"async\" style=\"width:21px; height:auto; margin-right:0; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-5.jpg\" alt=\"LinkedIn\"><br \/>\n                            <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>    <!-- Footer --><\/p>\n<div class=\"content_footer\" style=\"text-align:center; font-family:system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Ubuntu, Cantarell, sans-serif; background-color:#292726; padding:20px; width:100%; box-sizing:border-box;\">\n<table style=\"border-collapse:collapse; width:100%; max-width:100%; text-align:left;\" width=\"100%\" cellpadding=\"0\" cellspacing=\"0\" border=\"0\">\n<tbody>\n<tr>\n<td>\n                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:block;\"><br \/>\n                            <img decoding=\"async\" style=\"width:150px; max-width:100%; height:auto; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-6.jpg\" alt=\"Next Wave\"><br \/>\n                        <\/a>\n                    <\/td>\n<\/tr>\n<tr>\n<td style=\"padding-top:20px;\">\n<p>                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:inline-block;\"><br \/>\n                            <img decoding=\"async\" style=\"width:6.43px; height:auto; margin-right:16px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-3.jpg\" alt=\"Facebook\"><br \/>\n                        <\/a><\/p>\n<p>                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:inline-block;\"><br \/>\n                            <img decoding=\"async\" style=\"width:12px; height:auto; margin-right:16px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-1.jpg\" alt=\"Twitter\"><br \/>\n                        <\/a><\/p>\n<p>                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:inline-block;\"><br \/>\n                            <img decoding=\"async\" style=\"width:10.5px; height:auto; margin-right:16px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-5.jpg\" alt=\"LinkedIn\"><br \/>\n                        <\/a><\/p>\n<p>                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:inline-block;\"><br \/>\n                            <img decoding=\"async\" style=\"width:12px; height:auto; margin-right:16px; border:0;\" loading=\"lazy\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/The-Next-Wave-Kenyan-banks-have-forgotten-how-to-lose-money-4.jpg\" alt=\"Instagram\"><br \/>\n                        <\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-top:20px;\">\n<p style=\"margin:0; font-size:10px; line-height:16px; font-weight:400; color:#FFFFFF;\">\n                            17, Eniyansoro Beyioku Street, Ajao Road, Off Ogunlana Drive,<br \/>\n                            Surulere, Lagos 101212, Nigeria\n                        <\/p>\n<\/td>\n<td style=\"padding-top:20px; padding-left:15px; text-align:right;\">\n                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/#\" style=\"display:inline-block; font-size:10px; line-height:15px; vertical-align:top; text-decoration:none; border-bottom:0.5px solid #696969; padding-bottom:0; font-weight:500; color:#696969;\"><br \/>\n                            View in Map<br \/>\n                        <\/a>\n                    <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"center\" style=\"width:100%; min-width:100%; border-collapse:collapse;\" width=\"100%\">\n<tbody>\n<tr>\n<td height=\"20\" style=\"line-height:20px; min-height:20px;\"><\/td>\n<\/tr>\n<tr>\n<td align=\"center\" style=\"font-size:10px; font-weight:normal; font-family:'Open Sans', sans-serif; color:#FFFFFF; text-decoration:none; text-align:center;\">\n<p>                        You received this email because you signed up on our website or made purchase from us. If you no longer wish to receive these emails, please<\/p>\n<p>                        <a href=\"https:\/\/techcabal.com\/2026\/11\/08\/next-wave-no-bad-year-for-kenyan-banks\/%7B%24unsubscribe%7D\" style=\"font-size:10px; color:#FFFFFF; text-decoration:underline; font-weight:normal; font-family:'Open Sans', sans-serif;\"><br \/>\n                            unsubscribe<br \/>\n                        <\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td height=\"20\" style=\"line-height:20px; min-height:20px;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">TechCabal<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cet article est aussi disponible en fran\u00e7ais This edition of The Next Wave is brought to you by Verto. Published November 8, 2026 Kenyan banks have forgotten how to lose&hellip; <\/p>\n","protected":false},"author":1,"featured_media":12451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/12450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=12450"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/12450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/12451"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=12450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=12450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=12450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}